The market value increase is driven by a growth in patient preference for outpatient surgery due to higher costs at general hospitals, as well as a preference among payers, the January report said.
Patients also prefer ASCs for convenience and efficiency, since these facilities can often perform surgeries in less time. Additionally, the Federated Ambulatory Surgery Association Outcomes Monitoring Projects reports that 75 percent of ASCs began 95 percent of their cases on time.
Advancement in technology, including electronic health records, telehealth and remote patient monitoring, will also contribute to the market growth, according to the report.
The current market value for ASCs is $96.5 billion.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.